Qualcomm Inc (QCOM)

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QUALCOMM Incorporated (NASDAQ:QCOM) Given Average Recommendation of "Buy" by Brokerages
By: MarketBeat | April 22, 2021

QUALCOMM Incorporated (NASDAQ:QCOM) has earned a consensus rating of "Buy" from the thirty analysts that are covering the stock, MarketBeat.com reports. Thirteen analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $162.77.

A number of equities analysts have issued reports on the stock. Royal Bank of Canada raised their price target on shares of QUALCOMM from $126.00 to $150.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 4th. Deutsche Bank Aktiengesellschaft raised their price target on shares of QUALCOMM from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, February 4th. Evercore ISI reissued an "in-line" rating and set a $150.00 price target (down from $195.00) on shares of QUALCOMM in a research report on Monday. Raymond James raised their price target on shares of QUALCOMM from $150.00 to $190.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, January 19th. Finally, JPMorgan Chase & Co. reduced their price target on shares of QUALCOMM from $185.00 to $170.00 and set an "overweight" rating for the company in a research report on Wednesday, March 10th.

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